Germany Industry

Germany: Industrial production rebounds in October

December 7, 2015

In October, industrial production rose 0.2% over the previous month in seasonally-adjusted terms, marking an increase after two months of falling output. The reading came in below market expectations of a 0.8% rise, but contrasted September’s steep 1.1% drop. October’s result mainly reflected that manufacturing, construction as well as mining and quarrying rebounded. Conversely, electricity and energy supply tallied the largest contraction since June 2011.

Compared to the same month last year, industrial production was unchanged in October, which came in below September’s mild 0.4% increase. The overall trend moderated as annual average growth in industrial production decreased from 0.9% in September to 0.8% in October.

Forecasters polled by Met the why particular expect that industrial production will expand 1.3% in 2016, which is down 0.5 percentage points from last month’s forecast. For 2017, the panel sees industrial production increasing 2.0%.